Flashcards
CAIB 2: Chapter 6 Key Terms
Cards in this deck (16)
- 1Physical protectionis concerned with setting up physical barriers to restrict unauthorized access to property
- 2Electronic protectionis concerned with setting up electronic barriers to restrict unauthorized access to property
- 3Perimeter protectionrefers to the methods used by owners to secure access to the premises when the business is closed.
- 4Area protectionrefers to the protection provided to areas within the building where valuable property is being stored.
- 5Point Protectionprovides direct security for individual items such as safes, vaults, chests, filing cabinets, display cases, expensive equipment
- 6Line securityrefers to the ability of a telephone line to withstand tampering
- 7Moneycurrency and coins in current use and having a face value
- 8Securitiesmeans all negotiable and non-negotiable instruments or contracts representing money or other property and includes revenue and other stamps in current use, tokens and tickets but does not include money
- 9Burglary (Insurance Meaning)the unlawful taking of property by a person unlawfully entering or leaving the premises as evidenced by marks of forceable entry or exit
- 10Robbery (Insurance Meaning)robbery means the taking of insured property from a custodian by a person or persons who have:
-caused or threatened to cause the custodian bodily harm; or
-committed an overt unlawful act witnessed by the custodian; or
-taken such property from a custodian who has been killed or rendered unconscious. - 11Custodianincludes the Insured(s), their partner(s) or any employee authorized by them to have the care and custody of insured property
- 12Theftincludes all means of taking property without owner's consent
- 13Employee dishonestyloss which the Insured shall sustain resulting directly from one or more fraudulent or dishonest acts committed by an employee, acting alone or in collusion with others
- 14Discovery periodthe time permitted by an Insurer, commencing with the expiry date of the policy, in which a claim must be discovered by the Insured if it is to be covered by the policy
- 15Messengerthe Insured or a partner of the Insured or any employee who is dully authorized by the Insured to have the care and custody of the Insured property outside the premises
- 16Forgerya person is guilty of forgery if he fraudulently alters any writing of another without his authority or makes, completes, executes, authenticates, issues or transfers any writing so it purports to be the act of another who did not authorize that act
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- 2 CAIB Flashcards on CAIB 2: Chapter 6 Key Terms, created by katiejerez on 03/03/2016.
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